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US Trade Deficit Surges Despite Donald Trump's Tariffs
The deficit continued to widen ahead of Trump's "Liberation Day" slate of tariffs, which introduced reciprocal tariffs against dozens of U.S. trading partners. Those tariffs ranged from 10 percent to as high as 50 percent (which was applied to Lesotho).
The office of the U.S. Trade Representative purported a summertime scoop: "America had a trade surplus in ice cream in 2020 under President Trump's leadership, but that surplus turned into a trade ...
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Commerce Secretary Lutnick explains America's trade deficit--and how Trump wants to reverse it.
LUTNICK: "Since 1985, we went from owning net 5% of the rest of the world, to the rest of the world owning just about 19% of ...
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US trade deficit widens in May on weak exports
WASHINGTON (Reuters) -The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the ...
The contraction in the deficit, at face value, suggests that trade could significantly add to GDP this quarter, but much would depend on the state of inventories. Imports decreased by a record 16.
An auction of 40-year government notes in Japan saw the weakest demand ratio since 2011. The sale was a test of appetite for ...
The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S.
The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second ...
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Asian Nations Offer to Buy US Natural Gas to Ease Trade Tensions
The post Asian Nations Offer to Buy US Natural Gas to Ease Trade Tensions appeared first on Self Employed. Asian countries ...
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